| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $207M | $253M | 5.6% | -13.6% |
| Op. Income | $28M | $34M | $61M | -17.0% | -53.9% |
| Gross Margin | 49.3% | 51.6% | 54.2% | -2.2pp | -4.8pp |
| Net Margin | 13.8% | 17.3% | 26.1% | -3.5pp | -12.3pp |
| EPS (Diluted) | $0.61 | $0.73 | $1.34 | -16.4% | -54.5% |
| Free Cash Flow | $59M | $21M | $41M | 181.7% | 44.6% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $108M |
| R&D Expenses | $24M |
| Selling & Marketing | $15M |
| General & Administrative | $27M |
| SG&A Expenses | $42M |
| Other Expenses | $13M |
| Operating Expenses | $80M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $28M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $17M |
| EBIT | $28M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $108M |
| R&D Expenses | $24M |
| Selling & Marketing | $15M |
| General & Administrative | $27M |
| SG&A Expenses | $42M |
| Other Expenses | $13M |
| Operating Expenses | $80M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $28M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $17M |
| EBIT | $28M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$393.0K |
| NET CASH FROM FINANCING | -$393.0K |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $464M |
| Net Receivables | $227M |
| Inventory | $328M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $122M |
| Goodwill | $316M |
| Intangible Assets | $167M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $626M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $173M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $20M |
| Net Debt | -$214M |
